Company Law : The guide explains practical steps to identify MSME-registered vendors despite no official lookup system. It highlights documentat...
Income Tax : जानें कि अपने व्यावसायिक खातों को प्रभावी ढंग से ...
Income Tax : Discover the seamless process to check MSME registration by PAN number. Learn step-by-step methods and alternatives, ensuring comp...
Income Tax : Understand MSME payment obligations, due dates, and tax implications. Ensure timely payments to registered vendors to avoid income...
Finance : Explore FAQs on the recent amendment to Section 43B of the Income Tax Act, 1961, affecting MSME payments. Learn about applicabilit...
Income Tax : Explore how the new 43 B (h) clause of the IT Act impacts Kerala Textiles and Garments Dealers Welfare Association and their appea...
Corporate Law : The Government has taken measures for easing access to credit for MSMEs. reported by Reserve Bank of India (RBI) some of the measu...
Corporate Law : The Micro, Small and Medium Enterprises (MSME) is a highly vibrant and dynamic sector of the Indian economy with over 6 crores uni...
Corporate Law : New online system of MSME/Udyam Registration launched by Union MSME Ministry, w.e.f. 1st July, 2020, has stood the test of Time an...
Corporate Law : MSME and Small scale industries (SSI) are very important plays vital role in the economic growth of the Company because it helps i...
Custom Duty : Delhi High Court orders release of a startup's goods held by Customs, citing an inexplicable delay and directing a review of polic...
Corporate Law : Right now, MSME’s are in a bind, there are lot of suppliers who are not paying MSME’s their dues on time and it's causing MSME...
Corporate Law : Whether the public interest litigation (PIL) challenging non-inclusion of advocates in the definition of the word 'professionals' ...
Corporate Law : The Ministry of MSME had replaced the erstwhile Udyog Aadhaar Registration for MSME with Udyam Registration vide its Notification ...
Fema / RBI : The existing Entrepreneurs Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAMs) of the MSMEs obtained till June 30, 2020 sh...
Corporate Law : Govt. amends the guidelines for registration of existing enterprise under MSME Ministry Notification dated June 26, 2020; States t...
Corporate Law : Micro, Small and Medium Enterprises (Amendment) Rules, 2022 (a) the beneficiary of the fund shall be a micro or small or medium en...
Corporate Law : The electronics industry is the world’s largest and fastest growing industry with applications in all sectors of the economy. Se...
Q 1. What is all about MSME Ministry’s notification dated 26th June,2020? Ans. The Notification notifies certain New criteria for classifying the Enterprises as Micro, Small and Medium Enterprises. The notification insists registration of all existing and new Micro, Small & Medium Enterprises in the UDAYAM registration portal (website: udayamregistration.gov.in). This Notification comes into effect […]
Analysis of Ministry of Micro, Small and Medium Enterprises – Notification dated June 26, 2020 The Ministry of Micro, Small and Medium Enterprises (MSME) has set out a notification dated June 26, 2020 regarding the new registration process called ‘Udyam Registration’ and classification of MSMEs. Under this all the existing enterprises registered under EM-Part II […]
1. Classification:- Enterprise Investment in Plant and Machinery or Equipment Turnover Micro < 1 Cr < 5 Cr Small < 10 Cr < 50 Cr Medium < 50 Cr < 250 Cr 2. Composite Criteria for applicability of Classification – If an enterprise crosses the ceiling limits specified for its present category in either of […]
Government of India has notified new criteria for classifying the enterprises as Micro, Small and Medium enterprises. The new criteria will come into effect from July 1, 2020.
New criteria for classification of Micro, Small and Medium Enterprises – GAZETTE NOTIFICATION – 26th June, 2020 The Government has always been in favor of providing benefits to Micro, Small and Medium Enterprises (MSMEs). There are many benefits of MSME registration in India, which can be only availed if the business had registered itself as […]
The Ministry of Micro, Small and Medium Enterprises (MSME) vide its Notification dated 26th June, 2020 has notified certain criteria for classification of an enterprises in MSME category. Under this classification, an enterprises shall be classified as Micro Enterprise, where the investment in plant and machinery or equipment does not exceed one crore rupees and […]
The Ministry of Micro, Small and Medium Enterprises (MSMEs) vide its publication of notification in Gazette of India dated 26th June, 2020 has specified the new form and procedure for filing the memorandum to be known as ‘UDYAM REGISTRATION’ with effect from 1st day of July, 2020. Highlights of new process of MSME registration: The […]
As per new classification and procedure for registration of MSMEs, the portal of Ministry of MSME https://udyamregistration.gov.in is operational from today. Enterprises and entrpreneurs can register on it. A very comprehensive portal has been launched today by the M/O MSME for registration of MSMEs. The portal named https://udyamregistration.gov.in has been made entirely in house by […]
Article discusses Classification of Enterprises as Micro, Small and Medium Enterprises (MSME) W.E.F. 01.07.2020 as amended vide Notification S.O. 2119(E) dated 26th June 2020. (1) Criteria for Classification of Enterprises as MSME (2) Become MSME *Any person intends to establish a MSME may file Udyam Registration online in the Udyam Registration portal, based on self […]
In this Article, I shall discuss about the Classification of MSME, New MSME Classification criteria, Registration Procedure for new and existing enterprise and Benefits of MSME Registration. MSME registration shall be known as “UDYAM REGISTRATION” The MSME Notification passed on 26th June, 2020 will be effective from 1st day of July, 2020 and the link […]
